5 Best Stocks to Buy in 2021 According to Billionaire Prem Watsa

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In this article we discuss the second part of Prem Watsa’s portfolio, performance, and new stocks. If you want to read our detailed analysis of Watsa’s history and hedge fund performance, go directly to Best Stocks to Buy in 2021 According to Billionaire Prem Watsa.

5. Momo Inc. (NASDAQ: MOMO)

Watsa’s Stake Value: $1,975,000
Percentage of Prem Watsa’s 13F Portfolio: 0.06%
No. of Hedge Fund Holders: 24

Momo Inc. (NASDAQ: MOMO) is a China-based company that offers mobile-based social and entertainment services. Fairfax added this stock to its portfolio in the latest quarter by buying 134,000 shares.

Momo Inc. (NASDAQ: MOMO) shares have gone up after Citi upgraded the stock to “Buy” from “Neutral” and set a price target of $19.30. The company reported $564.9 million in the Q4 2020 earnings. 



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